Marketable Title Means That the Title Is Free from Which

question 54

Multiple Choice

Marketable title means that the title is free from which of the following?

• A) Encumbrances.
• B) Defects in the chain of title not appearing in the land records.
• C) Variances from zoning ordinances.
• D) All of these.

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Definitions:

Price

The expense associated with buying a product or service.

Miles

A unit of distance measurement equal to 5,280 feet or approximately 1.609 kilometers, used primarily in the United States and the United Kingdom.

Perfect Substitutes

Goods or services that can be used in exactly the same way and are interchangeable in consumption or use.

Income Effect

The variation in a person's or an economy's earnings and its effect on the amount of a product or service that is requested.